Israel  GDP contracts by 7.1% in Q1, sharpest drop in 20 years

Israel GDP contracts by 7.1% in Q1, sharpest drop in 20 years

The CBS published Israel GDP which contracted by 7.1% in Q1 2020, against Q4 2019 thus showing the disastrous economic impact caused by the Covid-19 pandemic. This contraction also marks the greatest slump in growth as it exceeded contractions during the 2001 and 2008 financial crisis – and marked the first drop since 2012. During Q4 2019 the GDP had witnessed a 4.6% growth.

Milan
Milan
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